Misallocation and productivity

Diego Restuccia, Richard Rogerson

Research output: Contribution to journalEditorialpeer-review

226 Scopus citations

Abstract

A large portion of differences in output per capita across countries is explained by differences in total factor productivity (TFP). In this article, we summarize a recent literature - and the articles in this special issue on misallocation and productivity - that focus on the reallocation of factors across heterogeneous production units as an important source of measured TFP differences across countries.

Original languageEnglish (US)
Pages (from-to)1-10
Number of pages10
JournalReview of Economic Dynamics
Volume16
Issue number1
DOIs
StatePublished - Jan 2013

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics

Keywords

  • Distortions
  • Heterogeneous establishments
  • Misallocation
  • Productivity

Fingerprint

Dive into the research topics of 'Misallocation and productivity'. Together they form a unique fingerprint.

Cite this